13-31-202 - Transfer of ownership to molder.
13-31-202. Transfer of ownership to molder.
(1) If a customer does not claim possession from a molder of a mold within three yearsfollowing the last prior use of the mold, the molder may transfer all rights and title to the mold inaccordance with this section.
(2) (a) Prior to obtaining all rights and title to the mold, the molder shall send writtennotice by registered mail to the last-known address of the customer notifying the customer that themolder is terminating the customer's rights and title to the mold.
(b) The notice required under Subsection (2)(a) shall disclose the rights of the customerunder Subsection (3).
(3) All rights and title of the customer to the mold are transferred to the molder 120 daysfrom the date the notice required by Subsection (2)(a) is sent unless the customer:
(a) responds in person or by mail to claim possession of the mold within the 120-dayperiod; or
(b) makes other contractual arrangements with the molder for the storage of the mold.
(4) After rights and title to a mold are transferred to the molder under Subsection (2), themolder may destroy or otherwise dispose of the mold without liability to the customer.
Enacted by Chapter 349, 1998 General Session